Hedge funds are a very efficient way of managing money. But there are clearly some risks. Hedge funds use credit and credit is a source of instability. Transactions involving credit should be regulated.
GEORGE SOROSI chose America as my home because I value freedom and democracy, civil liberties and an open society.
More George Soros Quotes
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Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.
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Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
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The main enemy of the open society, I believe, is no longer the communist but the capitalist threat.
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Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test.
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There is no point in being confident and having a small position.
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Market prices are always wrong in the sense that they present a biased view of the future.
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I don’t panic. The same thing applies to me as to everybody else, so I’m given to euphoria and despair. And I would say that I basically have survived by recognizing my mistakes.
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Well, you know, I was a human being before I became a businessman.
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What works for Germany can’t work for the rest of Europe: No country can run a chronic surplus without others running deficits.
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If we care about universal principles such as freedom, democracy and the rule of law, we cannot leave them to the care of market forces; we must establish some other institutions to safeguard them.
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The world order needs a major overhaul.
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The main obstacle to a stable and just world order is the United States. [This idea] happens to coincide with the prevailing opinion in the world. And I think that’s rather shocking for Americans to hear.
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Studying economics is not a good preparation for dealing with it.
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It is sort of a disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out.
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When money is free, the rational lender will keep on lending until there is no one else to lend to.
GEORGE SOROS